BTC.D - The Alt Season just started! + Elliott Wave
The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever!
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge!
Bitcoin Lightning network is still not supported by major exchanges because it is not in their business plan, and this is definitely a positive sign for altcoins.
What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump.
Look at my ideas about interesting altcoins in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Btcd
#BTC/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
As BTC got rejected and meltdown by 7% from upper trend line resistance level, its currently trading on a green support level of $22.7k .
BTC needs to hold this level to regain above towards its upper resistance level again.
As BTC holding this level well, chances for upright movement is likely in upcoming candles.
Here BTC geting also support of blue MA.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC.D continue bearish trend to 41% and lower#BTCD
Bitcoin Dominance
Dominance broke down from ascending support that is the same with support zone and confirmed them as resistance.
so now can continue its down trend to support zone around 41% and lower.
as it is a weekly time frame, so $BTC price (based on this view) can continue its bullish move to $27k and $29k in next weeks.
Do you think willHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC /USDT UPDATE !
What will happen to BTC from here What do you guys think Comment
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Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Dominance BTC.D - ALT SEASON STARTING! + ABCDE Completed
The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever.
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge!
Bitcoin Lightning network is still not supported by major exchanges, because it is not in their business plan and this is definitely a positive sign for altcoins.
What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
BTC.D broadening wedge #BTC.D
#Bitcoin #Dominance
Dominance of bitcoin shaped broadening wedge in weekly and daily time frame, and it's near the lower line of wedge.
so if it hold this line that is the same with support zone we can see a huge pump to long term resistance zone. in this scenario bitcoin price will continue to drop.
Bitcoin Dominance Ascending ChannelThe Bitcoin Dominance Index (BTC.D) chart is trading within an ascending channel.
It feels strange, this chart.
Putting together all the data we've been collecting in the past few months, I can't make anypredictions here but, we can focus on reading the chart.
> The ascending channel is bullish.
> The fact that BTC.D is trading above MA200 is also bullish.
> We have higher highs since January 2022.
Bitcoin Dominance can easily grow here based on the chart technicals.
Namaste.
Bitcoin Dominance Going Up 27-42%We have a giant cup pattern on the Bitcoin Dominance (BTC.D) index chart.
This pattern can lead to higher prices.
Notice that even though BTC.D is trading near support, the RSI is sitting above 51, really strong.
Expect this index to rise in the weeks to come.
We stay bullish above 39%, long-term.
The targets are mapped on the chart.
Namaste.
BITCOIN DOMINANCEBTCDOM/USDT looking bullish we have a STRONG Support Trendline on Dominance and we have Demand Zone on 15min timeframe im waiting for this move on BTCDOM
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BITCOIN DOMINANCE giving us the right rally signalThis is an offer overlooked metric. The symbol BTC.D which represents the percentage of Market Cap BTC Dominance can be a reliable indicator for Bitcoin's (BTCUSD) long-term moves on a Cycle scale.
As this chart on the 1D time-frame shows, during the previous Bitcoin Cycle (pane below displayed in orange), the rally coincided with the BTC.D breaking above its 1W MA100 (red trend-line). On June 12 BTC.D approached it but fell sharply again below the 1D MA50 (blue trend-line), finding Support on the 1D MA200 (orange trend-line).
Right now the price is attempting another rebound, compared to late 2018 we can be anywhere within October - early December 2018, meaning that such volatility may be indicative of one last bottom before entering the new Bull Cycle. Regardless of that, crypto investors with patience in their mind can wait for the right opportunity to buy when the Bitcoin Dominance closes a week above the 1W MA100.
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Bitcoin Dominance letting Altcoins fly?Right now a lot of people are ready to send BTC.D to anywhere from 50 to 60 %.
50 % would be and obvious level to get rejecting and for the chart to turn around.
I've said it before. I believe we will see Dominance go to 47-49 %.
One last $BTC drop to $24-26,000 sending Dominance up in that area. That dip won't be long and Bitcoin would be back around $30,000 in no time.
More and more will start believing Bitcoin has bottom -> Faith in Etherium and Altcoins will be restored -> Dominance falls.
Be careful out there.
Please share and comment.
BTC.D can drop to 43%#BTCD
Bitcoin Dominance reached almost long term resistance and rejected.
🐻 it can drop to support zone around 43%, which is a bullish sign for #BTC and #ALTs
break down from 42.5% can drop it more to long term support zone and descending support, that give us great opportunity to make profit from #ALTCOINS.
🐮 if bitcoin dominance reject from support of 43% it will head up to long term resistance again and cause more drop for $BTC.
$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistanceBitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try!
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
www.binance.com
📊BITCOIN destroys ALTCOINS! How long will this go on?Bitcoin is falling but all money flows into it. Almost all alts are destroyed and fall for 85-90%. Only few of them still follow the BTC and fall for 65-75%. But is it finish for alternative coins fall?
Now the Dominance is close to the 50% which were described in this idea. I think the 50-53% are become the top for the BTC.D.
📊Even if Bitcoin falls to the bottom and consolidates there, altcoins continue to lose capitalization. And even if the decline of the crypto market has stopped, altcoins will continue to lose value. As a rule, this happens because long-term holders of altcoins become not by their own choice. If you know what I mean.
This was in 2018 and 2020 after Bitcoin fell to its lows. Altcoins begin their huge growth and Altseason✅ after the main cryptocurrency (BTC) renews✅ its highs and hype returns to the crypto market. So keep this in mind!
📈Why the Dominance in the long-term downtrend? The numbers of Altcoins is growing through the time and in any case money flows to the alternative coins. So, the dominance will fall to 20-30% with high possibility in 7-10 years .
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC.D Intermarket Analysis This is the BTC Dominance (BTC.D) chart.
BTC.D Down = BTCUSD UP
BTC.D UP = BTCUSD Down
Right now the BTC.D Chart is at a discounted market, however, it seems to be trading up into a premium market which is (technically speaking) why BTCUSD has been falling recently. Based on this chart, BTC will likely drop a lot more from where it's at should we reach up into a further premium for the BTC.D market.
What is BTCD? BTCD is short for Bitcoin dominance (BTCD) and is defined as the ratio of Bitcoin's market capitalization to that of the rest of the cryptocurrency markets. Bitcoin (BTC) is a digital currency that was first introduced back in 2009.
BTC DOMINANCE WEEKLY UPDATEHello guys, here's a weekly update on the BTC Dominance chart.
We can see BTC is trying its best to maintain and stay above the $28k support level and on the other hand, the BTC Dominance is breaking all the ceilings. In the hourly and daily chart, the dominance is increasing and the picture isn't clear enough to understand where the resistance is. But in this weekly chart, we can actually see resistance 1 at 49.9% and resistance 2 at 52.9%. It is interesting to see that resistance 1 (49.9%) is the same resistance level from where the BTC.D got bounced and rejected multiple times in the past and once when the BTC.D broke above the R1 level, it made support at 52.9% which is now a resistance 2 level.
If we are expecting a bounce in the market then these are two resistance levels from where the BTC dominance should get rejected. Also, if BTC is completely bearish with a possibility of getting rejected below then our expectation then the BTC dominance can aim towards the 69% range which will be a 76% rally from the lower support trendline.
So, let's be vigilant cause the next move in the market will surprise us.
Thank you.
#BTC.DOMINANCE 1Hour CHART UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
I have tried my best to get the best possible results in this chart.
Hello, dear traders welcome to this BTC.DOMINANCE 1Hr chart analysis.
Now Rejected from resistance and Holding 47.11% support.
We can see more Blood baths in #Altcoins
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Bitcoin Dominance Mirror ImageBTC.D (Bitcoin Dominance) still needs to complete its "mirror image" back from December...
Currently, prices are trading safely above EMA10 and EMA50, long-term/weekly... This signal is strong enough.
We have multiple candles of bullish consolidation (green above EMA10) and the RSI is also super strong.
The signals are also bullish on this chart.
We wait and see how it goes.
Namaste.